Regulation 28 amendments broadly welcomed
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Last year government unveiled 50 strategic infrastructure projects (Sips) and 12 special projects involving a total investment of R360 billion, as the first tranche of a massive infrastructure expenditure programme to drive the post Covid-19 economic recovery effort. These initial Sip projects are expected to create an estimated 275 700 jobs in six sectors: water and sanitation, energy, transport, digital infrastructure, agriculture and agro-processing, and human settlements.
The fact remains that SA is one of the most unequal countries in the world and requires significant investment in infrastructure for all her people to enjoy the basic dignity of running water, electricity, tarred roads, health care and education…
A major questionmark remains over how these projects will be funded?
In April 2020 we had calls from the private equity industry to increase prudential limits on asset allocation imposed by Regulation 28 of The Pension Funds Act and to split the asset class from hedge funds.
The conversation became poisoned by the spectre of prescribed assets, which were used by the apartheid regime to terrible effect…Done the right way, and it could present a pathway to prosperity out of South Africa’s Covid induced economic depression.
The fact remains that SA is one of the most unequal countries in the world and requires significant investment in infrastructure for all her people to enjoy the basic dignity of running water, electricity, tarred roads, health care and education…
A major questionmark remains over how these projects will be funded?
In April 2020 we had calls from the private equity industry to increase prudential limits on asset allocation imposed by Regulation 28 of The Pension Funds Act and to split the asset class from hedge funds.
The conversation became poisoned by the spectre of prescribed assets, which were used by the apartheid regime to terrible effect…Done the right way, and it could present a pathway to prosperity out of South Africa’s Covid induced economic depression.